How the new tax bill is changing the way you claim your children and other dependents
Taxpayers who claim dependents on their tax returns will be seeing some changes for the 2018 filing season. The passing of the Tax Cuts & Jobs Act (TCJA) included the removal of the personal exemption deduction as well as the doubling of the child tax credit. The personal exemption deduction has been included in the tax code since the implementation of the Revenue Act of 1913. The deduction itself has [...]
Meet Crystal Molen of Molen & Associates
A few months ago, VoyageHouston wrote an article on our owner and CEO, Crystal Molen. We thought we would share the article with you to be able to get to know our fearless visionary and see why we love her so much. Today we’d like to introduce you to Crystal Molen. Molen & Associates was born out of a desire to help a friend with some specialized tax needs. For [...]
Why Real Estate Professionals Absolutely Must Have Their 2018 Tax Return Professionally Prepared
With the passing of the Tax Cuts and Jobs Act (TCJA), 2018 is shaping up to be a good tax year for most self-employed individuals, including realtors. While in previous years you may have felt like you could make do with online tax preparation software, or use one of the many budget tax firms that pop up in February and close again after the 15th of April, this year you [...]
I have a simple tax question, why is it so hard to answer?
Year round we get calls and emails from clients and perspective clients alike, many times with what is intended to be a simple tax question. “If I do this thing, can I write it off” is a very common one. Trouble is, there are NO simple tax answers – because everything is subject to your individual facts and circumstances. The most accurate answer to any tax question is ‘maybe’. A [...]